Nedbank Fixed Deposit

Fixed Deposit A guaranteed interest rate for the duration of the investment term makes this investment ideal for an investor looking for a lump sum capital guaranteed investment option.Features

The minimum investment amount is R1 000.
You can choose an investment period of between one month and 60 months.
You earn a competitive, market-related, fixed interest rate* – paid monthly, quarterly, half-yearly, annually or on maturity.
Your capital is guaranteed – you always get out more than you put in.
You pay zero fees and commissions.

* Interest rates offered are subject to confirmation when the funds are received by Nedbank

Features and benefits

A minimum investment amount of R5 000.
You can choose an investment period from 1 month to 60 months.
You earn a competitive, market-related, fixed interest rate.
Interest may be paid monthly, quarterly, half-yearly, annually or on maturity.
No additional deposits allowed.
Your capital and your interest rate are guaranteed – you will always get out more than what you put in.
No monthly fees and commissions.
Preferential rates apply if the account is opened and maintained exclusively on Money app or Online Banking.

* Interest rates offered are subject to confirmation when the funds are received by Nedbank.

What you need to apply?

Your valid South African barcoded ID, smart ID card or passport (for non-residents)
New clients will need:
Proof of residence; such as a utility bill, rental invoice or phone account that displays your name and physical address and is not older than 3 months.

Additional benefits

Link the account to an electronic banking profile. Which means all maintenance – can be done on your digital banking profile.
Nedbank Affinity programme – support a cause through our Affinities Programme at no cost to you. Nedbank will make a contribution to the affinity of your choice when you open an affinity-linked investment.